Deutsche Bank Caps Executive Pay Plans

FRANKFURT—Deutsche Bank AG is capping its top executive pay in 2013 at just below €10 million ($13.2 million) amid a broader political debate in Europe on reining in executive compensation.

Deutsche Bank's co-chief executives, Anshu Jain and Jürgen Fitschen, will both see their salaries capped at a base of €2.3 million under the new proposal, which is detailed in the bank's annual general-meeting agenda. Bonuses will be limited to...